RNS Number:5873O
CESC Ld
12 August 2003
                            CESC LIMITED

Registered Office: CESC House, Chowringhee Square, Kolkata 700 001 
Unaudited Financial Results (Provisional) for three months ended 30 June, 2003 

                                                                                
                               Three months      Three months              Year 
                            ended 30.6.2003   ended 30-6-2002   ended 31.3.2003 
                                (Unaudited)       (Unaudited)       (Unaudited) 
                                        (1)               (2)               (3) 
                                                    Rs. Crores 
  1     Net Sales                       640               550              2185 
  2     Other Income                     13                13                54 
        Total                           653               563              2239 
  3     Total                                                                   
        Expenditure:                                                            
        (a) Fuel Cost                   178               161               641 
        (b) Personnel Cost               69                58               255 
        (c) Power Purchase              103                96               313 
        (d) Others                      102                86               349 
  4     Interest                        104               105               408 
  5     Profit before                    97                57               273 
        Depreciation                                                            
  6     Depreciation                     82                80               322 
  7     Profit/(Loss)                    15               (23)              (49) 
        before tax                                                              
  8     Provision for                     0                 0                 0 
        Taxation                                                                
  9     Net Profit/(Loss)                15               (23)              (49) 
 10     Paid-up Equity                   58                58                58 
        Share Capital                                                           
        (Shares of Rs.10                                                        
        Each)                                                                   
 11     Net Reserves                                                            
        (excluding                                                              
        Revaluation                                                             
        Reserve of Rs.                                                          
        1372 Crores) as                                                         
        per                                                                     
        latest audited                                                          
        Balance Sheet                                                           
        as on 31 March                                                      151 
        2001                                                                    
 12     EPS (Rs.)                                                               
        - Basic & Diluted              2.60            (3.98)            (8.48) 
 

                                                                                
  Notes :                                                                       

  1. Net sales for the three months ended 30th June 2003 have been accounted 
for based on the interim tariff order dated 23rd April, 2003 of the Hon'ble West
Bengal Electricity Regulatory Commission (Commission) for the year 2003-04.
Accordingly the above referred results are subject to changes based on the final
order of the Hon'ble Commission on the tariff petition made by the Company for
the said year. Figures in Column (2) above are as submitted earlier to the Stock
Exchanges, but incorporating adjustments for exchange rate variation.           
                                          

  2. The Company is engaged in generation and distribution of electricity and   
does not operate in any other reportable segment.                                                                      

  3. Auditors' Report on the latest audited accounts for the year 2000-2001     
included reference to certain Notes on Accounts relating to some unprovided
claims of Damodar Valley Corporation/West Bengal State Electricity Board and
shortfall in corpus of gratuity fund. The Company, in view of consistently
followed past practice compatible with the nature of its business, has followed
the same basis of accounting in respect of these matters. The financial impact
of the aforesaid matters pertaining to the period ended 30  June, 2003 is not
ascertainable at this stage.                        
                                               

  4. The balance amount of Rs. 10/- (including premium of Rs. 5/-) due on       
partly paid shares was called up during June, 2003 quarter.                                                           

  5. Upon redressal of 12 investor complaints received during the quarter,      
there was no unresolved complaint as at 30 June, 2003.                                                                

                                                               For CESC Limited
                                                                     S Banerjee
                                                              Managing Director

                                                                                
Dated: 28 July 2003                                                                       


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